Salary is not making people poor.... Inflation is

[freedomgo]

Salary is just one source of income, if you rely on it alone with a low minimum wage of income, you will really can't get rid of poverty. But if you will make this inflation crisis as your motivation to improve your skills and knowledge, and attract more side hustles, I guess that would be an effective way to reduced poverty and grow your income. Inflation does not make us poor, but our poor mindset is.

[Minor Miner]

Inflation does not make us poor, but our poor mindset is.

Is this true? I do not think so. Inflation is making us poorer, especially those with low incomes. Inflation causes prices to rise rapidly, reducing purchasing power while basic wages fail to keep pace. Inflation is devaluing our money every day and forcing us to work harder and think more to earn more money in order to compensate for and cope with inflation.

There are many causes of poverty, inflation and a poverty mindset are among them.

[Marvelockg]

In my opinion the biggest financial trap is believing salary growth alone creates wealth… while inflation is quietly eating everything behind the scenes. We have a lot of unseen battles folks

As inflation is getting worse, cost of housing is not doing well either and overall, depending on your salary structure alone can never meet up with all these things that are eating up your income like never before.

As an individual, there's very little that you can do about the effect of inflation because it's caused by the government, big players of industry and institutions. If you're not ready and willing to grow your income in a way that's proportionate to rise in almost all the things you will eventually deal with, you're going to face serious hit and that's why most households that depends on Thier salary structure alone mostly suffers from inflation.

[barbara44]

I was born in 1993 and at that time the price of gold was 100 times less than the current price. The price of vegetables and fruits were 30 times less than the current prices and the fact is the prices in developed nations is still not increased in their that much but in poor countries it did.. why? the reason is all around the economy. My country is suffering because we are indebted by IMF, the printing of excessive fiat and off course the corrupt mafia politicians who are their to serve our country instead they are parasites and feed on our bloods. So, your suggestion of buying bitcoin an holding it for long-term could give even a middle man a bountiful output.

Gold is a precious metal or a type of an asset which appreciates in value overtime. So its value have risen by many folds are not caused by the inflations. Prices in developed nations did increased too a lot mate. There is even that picture I saw last time on how the items in the US got heavily affected by it.

And then, there is also that picture of a dollar that it's like it is burnt or teared down on some of its parts, showing how its value got degraded all throughout the years. But after all, they still have an edge over us like the value of their money is still higher than on us but that is also a good thing if we are paid in other currencies like the dollar, because it makes our salary to get pumped up a little.

[Etranger]

Salary is not making people poor.... Inflation is

Of course inflation can damage anything, especially the economy, whatever salary we have if inflation is high will not be enough, salary is a means but inflation is a source of killers.

In fact, we can see that what causes wages to shrink and people's purchasing power to decrease is caused by the price of goods/inflation. In the 80s, we could see that one penny could buy The current price of goods is $10, which proves that the average salary at that time was $10, but people did not have difficulty living, especially in meeting basic needs, because there was no inflation.

Inflation is far from the only thing destroying the purchasing power of our salaries. When there is a massive social gap in a country, where wealthy people who have stolen money through corruption schemes set the level of market prices, inflation becomes almost a secondary factor in that case. It certainly makes the situation worse, but it is not the root cause of why even educated people with decent salaries cannot afford an adequate standard of living, especially when it comes to buying property. This is something very clearly visible in Kyiv, where I live.

[Chilwell]

A lot of people are working harder every single year, earning more on paper yet somehow life still feels more expensive and heavier for them, The problem isn’t always low salary.... sometimes it’s inflation quietly stealing the real value of that income. Imagine you get a 20% salary increase, but food, rent, transport, and basic living jump by 40%… so are you really progressing? The numbers look bigger, yes, but the purchasing power keeps shrinking, that’s why the informed people are now looking beyond normal savings and considering Bitcoin, not because they want to gamble, but because holding weak currency can feel like guaranteed loss. For people thinking long term, DCA into Bitcoin with spare income starts looking less like speculatin and more like protecting future value.

In my opinion the biggest financial trap is believing salary growth alone creates wealth… while inflation is quietly eating everything behind the scenes. We have a lot of unseen battles folks

Everyone is on opinion on how we define things but to me I will disagree with what you say about salary not being there factor of poverty, I want you to understand that salary is fixed and it doesn't increase, yes some people may say that it increase but not regularly so salary is making people's poor because our needs continue to increase everything and our income is not getting bigger. The inflection also contribute but it is not the way we are thinking of it when it comes to salary, salary is fixed and our problems continue to adopt and when consumption is greater than production definitely there's problem that will bring scarcity of the product and that is exactly what is happening to people that are earning salary.

The word salary is a big trap because you will find it very difficult to concentrate on three other things, just because you don't have time to build a second option for yourself.

[Somegory]

I agree, once upon a time in my country, all older people were able to use their money from salary to do everything in life, build houses and pay bills, life was easy at the time, then inflation started to go spiral and everything started to change.

When your country's fiat money keeps losing value there is a chance that the numbers of poor people will grow higher, although there are other reasons why people are poor, not just inflation only.

There are people who chose to be poor because they are lazy and don't want to do anything, there are people who don't have any capacity and every hardwork they throwing in isn't changing anything.

[freedomgo]

Inflation does not make us poor, but our poor mindset is.

Is this true? I do not think so. Inflation is making us poorer, especially those with low incomes. Inflation causes prices to rise rapidly, reducing purchasing power while basic wages fail to keep pace. Inflation is devaluing our money every day and forcing us to work harder and think more to earn more money in order to compensate for and cope with inflation.

There are many causes of poverty, inflation and a poverty mindset are among them.

That’s what I’m saying, that is why you need to make sure your income is not too low.

In general, the poor or majority of people are the ones heavily affected by inflation. But if someone knows how to manage his finances and also finds ways to improve his income, then he will not be affected that much.

So let’s just put it that way. Low income, you will feel inflation badly. Higher income, you can handle it better.

[laspol65]

In my opinion the biggest financial trap is believing salary growth alone creates wealth… while inflation is quietly eating everything behind the scenes. We have a lot of unseen battles folks

In the current situation, inflation is increasing the most, because no matter how you calculate it monthly or annually, every year you spend more than what you earn the next year. Therefore, Bitcoin has been created against inflation, so if you invest here, your money will definitely increase in all aspects, because Bitcoin is an attractive asset to the whole world in the current situation. As you move towards the future, the value of your fiat currency will decrease and the value of Bitcoin will increase.
So, in addition to your monthly salary or weekly salary, save the basic expenses of your family and save Bitcoin for the future with the extra money you have. Then you will definitely be able to plan well.

[AmaGold70]

On my part, doing a very high paying job is very good, and their is nothing wrong with that, but when it comes to creating wealth, don't think that earning big salary can make you wealth. If you only depend on your salary alone, your big salary might not be able to grant you all your financial needs. Looking round the world, we hear of the wealthiest people in the world, the likes of Elon musk, Jeff Bezos, Mark Zuckerberg etc, this men are not people depends on monthly salary, rather they are entrepreneurs, and employers of labour.
While you earn your big salary, the best thing to do is to invest your money, not only to invest your money, but to invest it wisely. There are diverse investment out there to take advantage of, such stock market, Bitcoin or even real estate, with this strategy, you can become wealthy in the long run even if your salary is not a fat one.

[Iamgoat]

You are right, it is a wrong mindset to think that saving will make you rich and that is one major difference between the rich and the poor where the rich keeps getting richer and the poor keeps getting poorer, a rich mindset will always plan to invest their money for regeneration of wealth while the poor mindset will think saving their money is a smart move while it is dumb, a poor mindset will refused to take good and calculated risk while the rich mindset are open minded for such opportunities, it is too old fashion to be saving money without a purpose.

If you are working and waiting for Salary till date just know you are not a wealthy person yet especially if you have not even become a wealthy person yet all I can say at such level is you are no longer in the list of poverty ride people but I also know of some multinationals who are paying a whole lots of money paying their workers. I am an also aware of places such as the NNPCL among other juicy places in my country. The oil and gas industry  is one of the biggest paying sector in my country and I also think same for other countries. My submission is also about the mindset. If you have the mindset of becoming a rich person and you work hard towards it by the way of building the foundation through hard work and knowledge, you can also land yourself the opportunity to become a millionaire. It takes discipline and hard work to build a wealth though especially the one which will last for ages and generations.

[bangjoe]

With the current financial system it is impossible to avoid inflation, inflation will always grow gradually, in addition inflation is not just about policy and others but also about availability in meeting supply and demand, often price increases are caused by soaring demand, a simple example that we have experienced recently is the increase in oil prices where demand continues to grow, but supply is limited because there are problems in the middle east that block the distribution of oil and that causes inflation in many ways because oil is a source of industrial energy and distribution.

The aspects of meeting inflation are many, your salary can handle inflation if it is many times what you spend, why are the rich not affected? not only because their assets are inflation proof, they also have income that can cover inflation.

[Royal Cap]

A big salary is definitely a good thing, but just increasing your salary does not make everyone financially free. Many people can save almost nothing at the end of the month despite having a high income, because lifestyle expenses also increase. So along with income, money management is a very big issue.

And I would say that investment is important. Even if you invest a small amount regularly, you can get good results in the long term. Many ordinary employees have also gradually built assets and are in a good position. You don't always have to be a business owner but you need to grow money instead of just spending it.

[eightdots]

A big salary is definitely a good thing, but just increasing your salary does not make everyone financially free. Many people can save almost nothing at the end of the month despite having a high income, because lifestyle expenses also increase. So along with income, money management is a very big issue.

And I would say that investment is important. Even if you invest a small amount regularly, you can get good results in the long term. Many ordinary employees have also gradually built assets and are in a good position. You don't always have to be a business owner but you need to grow money instead of just spending it.

Even high-income individuals need to keep their spending under control. Increasing expenses as your salary increases is not the right approach. Good money management is essential; otherwise, even if your income increases, your expenses will also increase, making it difficult to find money to save or use for other purposes.

The right investments always pay off, but first, having the right knowledge is crucial. Being able to save money and do so regularly can also lead to effective money management.

[justdimin]

Inflation does not make us poor, but our poor mindset is.

Is this true? I do not think so. Inflation is making us poorer, especially those with low incomes. Inflation causes prices to rise rapidly, reducing purchasing power while basic wages fail to keep pace. Inflation is devaluing our money every day and forcing us to work harder and think more to earn more money in order to compensate for and cope with inflation.

There are many causes of poverty, inflation and a poverty mindset are among them.

Yes and no. It does make us poorer, and if we do nothing about it then we are going to just watch ourselves get poorer of course. I do not say that we are going to get richer using inflation to our benefit, we might if we try, but we may fail and there is no way that everyone in the world could. Can you buy something cheap now, and store it, and sell it when inflation hits, and make profit?

Sure, the simplest method of making money ,but you can't have 8 billion people in the world all do it, that's not possible at all. We should realize that the best thing we can do in this regard is to make sure we are dealing with something we can't have everyone benefit from this, some people will, most will not.

[Rgram]

Salary is just one source of income, if you rely on it alone with a low minimum wage of income, you will really can't get rid of poverty. But if you will make this inflation crisis as your motivation to improve your skills and knowledge, and attract more side hustles, I guess that would be an effective way to reduced poverty and grow your income. Inflation does not make us poor, but our poor mindset is.

Living based on salary alone is actually a difficult way to live. That’s because, you would find yourself to be living within a range. There would be a lot of things that you would want but, your finances would never allow you to based on what you’re being paid as salary and to make things worst, there is the issue of inflation. When that comes into the picture, you would find yourself having to struggle for even the little things, living well above your means and gradually falling into debts and more debts which would result in poverty.

[Bitcoin.com97]

I believe to survive this economy, people need multiple streams of income , inflation is actually making people poor , the rate at which goods increase drastically surprises me , people are working really hard to survive, landlord are increasing rent every day , food stuffs are really high , sometimes I tell myself salary can’t can’t save someone , imagine transportation fee for the month or the amount of fuel one purchase for a month, before you know it expenses  is higher than your income , it’s not actually easy now , I usually ask myself where are we heading to , because this is too much .

Reading this, I just realised that there is a minimum wage for salary earners, and this minimum wage is calculated with inflation put into consideration. Even at that, some people still aren't meeting up. Still on the issue of minimum wage, some people earn higher salaries than others. So, salary earners are affected differently by inflation because of the differences in their individual incomes. The only thing that makes everyone feel the impact is that high-income earners spend more on expensive commodities, while others adjust their wants according to the amount they earn.

In all of this, it is just too obvious that one stream of income isn't enough. Whether one depends on salary, profits from business, or investments, multiple streams of income are necessary to beat the rising rate of inflation and stay rich or wealthy, as the case may be.

The funny part is even the high earners you mentioned are still complaining, because the higher your  salary the higher you expense, everyone has a standard they have built and are going to maintain , some persons one month pay are some persons 3months salary , but while the one earning lesser is complaining, the one with higher pay can even complain more than the other , but in all inflation affect everyone , the expensive commodity is there standard, yet it will still affect them , the best thing is having different investment and businesses, because I don’t see prices going down again rather Is appreciate higher and higher and we can  only get used to it that is all.

[Cookdata]

A lot of people are working harder every single year, earning more on paper yet somehow life still feels more expensive and heavier for them, The problem isn’t always low salary.... sometimes it’s inflation quietly stealing the real value of that income. Imagine you get a 20% salary increase, but food, rent, transport, and basic living jump by 40%… so are you really progressing? The numbers look bigger, yes, but the purchasing power keeps shrinking, that’s why the informed people are now looking beyond normal savings and considering Bitcoin, not because they want to gamble, but because holding weak currency can feel like guaranteed loss. For people thinking long term, DCA into Bitcoin with spare income starts looking less like speculatin and more like protecting future value.

In my opinion the biggest financial trap is believing salary growth alone creates wealth… while inflation is quietly eating everything behind the scenes. We have a lot of unseen battles folks

Even if there is no inflation, you can't build wealth with salary regardless of whether there is inflation or there is no inflation. How many wealthy people in the world makes their money by saving their salaries, just few of them has made it and it wasn't directly, they put the money together and make investment on something, it's not by stacking up salaries just because you want to make some profits, it has never given wealth before, not even close.

If you want to make wealth, invest into something and something you can come back to and gave peace of mind doing. Although, there is nothing like peace or low risk investment, they all involve some percentage of risk but you have to make risk before you make good return from gambling. One can make good salaries today by earning good money but you can't even keep that position for long time, inflation will take it from you no matter how stabilize that economy is with inflation.

[slapper]

Your pay is determined by the company that hires you. Inflation is decided by monetary policy. You are caught in the middle, and have little or no influence on either of the two forces. How do we call this financial independence? To me, that said line has always seemed like a joke.

And the society normalized it all is. Inflation occurs and people say "well that's economics". No. It's a matter of policy. Governments over-spend, central banks accommodate and the cost ends up on everyone who has that currency. In particular, those at the bottom who have no way of hedging.

That's why Bitcoin makes sense to all of us, I wish more and more normies would stop seeing it as some kind of crypto bro fantasy. DCA with spare income is literally just opting out of a system that's designed to erode your savings. For that logic, it is not necessary to believe that Bitcoin will reach a million dollars.

The people who dismiss this are usually the same ones who'll tell you to trust the system and work harder. Sure. Do more to get more of something less valuable each year. Great plan.

[viljy]

Inflation is an integral part of a market economy. The fact that salaries are starting to fall short of maintaining a standard of living is inevitable. You need to try to earn more. Or reduce your standard of living. There are no other choices. The essence of capitalism is precisely to make society run like a squirrel in a wheel, accelerating this run with inflation, competition, which atomizes society. And such a society is safe for the superrich. Look, now the trade unions have no influence at all! And once upon a time, trade unions had enormous power.

In the Middle Ages, there was one source of inflation - the minting of coins by the king. And in a market economy, there are two such sources: the emission of money by the state and the money multiplier. Loans are the engine of a market economy. The other side of the loan is the "theft" of wealth from future generations. Inflation is a consequence of such a "theft".